Texas Inc. has 4,000 shares of 7%, $125 par value cumulative preferred stock and 85,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? O a. $5,950 in total O b. $0.01 per share c. $70.00 per share d. $35,000 in total

Texas inc has 4,000 shares of 7%,5125 par value cumbigtive oreferted stock and 85,000 shatet of 31 par value common stock outsthndino at December 31 . What is the arinoin divitend on the peeferindsteck? . 15.950 in tural 1. saat periker - spacs pur whan 4. 175,0se in tical